If you’re a contractor bidding on public or private commercial projects, you’ll likely need to be bonded to win the contract. Contract bonding assures the project owner that you’ll complete the work according to the terms of the agreement. However,…
Commercial property insurance is a vital component of a comprehensive risk management plan for businesses of all sizes. This insurance coverage protects businesses from the financial losses of property damage or loss. However, there are different commercial property insurance policies,…
I work daily to assist businesses with their insurance and risk management needs. And each day, I take notice of the myths that exist and circulate in the business insurance industry. Clients and prospects seem confused about similar topics, which…
General Liability Insurance Explained in 10 Minutes The most common form of business insurance is the Commercial General Liability (CGL) policy. Although widely adopted as the ‘backbone’ of a company’s protection, CGL is often misunderstood. To understand why, watch the…
A business needs to purchase a business auto insurance policy for many reasons. Some of the reasons are self-explanatory, while others are not as obvious. In this video, I will explain three reasons to purchase a Business Auto Policy or…
A non-admitted insurance company is a company that is not licensed to do business in a particular state or jurisdiction. Non-admitted insurance companies operate outside of the state’s regulatory system, and policies issued by non-admitted insurance companies are not protected…
We get this question frequently, and the answer varies based on the policy. There are many reasons someone might need to add an additional insured (AI) to a policy; the cost and terms differ based on the situation. Let’s dive…
If you own a business, understanding insurance helps you best protect your company and its assets. Property and liability insurance are two types of insurance that protect against different business risks. Almost all the coverage you will need for your…
So you’ve recently purchased a business insurance policy and now have requests to complete an inspection. Although the request may come as a surprise, it is not uncommon for insurance companies to inspect after the placement of a policy. Let’s…
Considering purchasing EPLI (Employment Practices Liability Insurance)? Let’s review the history and pros and cons of the current EPLI landscape to determine if EPL insurance is right for your business. History of EPLI EPLI was originally developed in 1990, following…
